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Anxin Trust

SHSE:600816
Snowflake Description

Fair value with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
600816
SHSE
CN¥14B
Market Cap
  1. Home
  2. CN
  3. Diversified Financials
Company description

Anxin Trust Co., Ltd operates as a trust company in China. The last earnings update was 162 days ago. More info.


Add to Portfolio Compare Print
  • Anxin Trust has significant price volatility in the past 3 months.
600816 Share Price and Events
7 Day Returns
0%
SHSE:600816
2.5%
CN Capital Markets
4.3%
CN Market
1 Year Returns
-65%
SHSE:600816
-16%
CN Capital Markets
-7%
CN Market
600816 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Anxin Trust (600816) 0% -19.4% -42% -65% -73.4% -55.2%
CN Capital Markets 2.5% -8.1% -8.6% -16% -15.4% -52.5%
CN Market 4.3% -4.8% -5.1% -7% -13.6% -24.6%
1 Year Return vs Industry and Market
  • 600816 underperformed the Capital Markets industry which returned -16% over the past year.
  • 600816 underperformed the Market in China which returned -7% over the past year.
Price Volatility
600816
Industry
5yr Volatility vs Market

Value

 Is Anxin Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Anxin Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Anxin Trust.

SHSE:600816 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CN¥2.51 * 22.1%
CN¥0.55
Book Value of Equity per Share Median Book Value from the past 5 years. CN¥2.51
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year CN Government Bond Rate 3.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SHSE:600816
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CN Govt Bond Rate 3.2%
Equity Risk Premium S&P Global 6.3%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.712 (1 + (1- 25%) (2.98%))
0.818
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.2% + (0.818 * 6.33%)
8.38%

Discounted Cash Flow Calculation for SHSE:600816 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Anxin Trust is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

SHSE:600816 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (22.1% – 8.38%) * CN¥2.51)
CN¥0.34
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CN¥0.34 / (8.38% - 3.2%)
CN¥6.66
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CN¥2.51 + CN¥6.66
CN¥9.16
SHSE:600816 Discount to Share Price
Calculation Result
Value per share (CNY) From above. CN¥9.16
Current discount Discount to share price of CN¥2.50
= -1 x (CN¥2.50 - CN¥9.16) / CN¥9.16
72.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Anxin Trust is available for.
Intrinsic value
>50%
Share price is CN¥2.5 vs Future cash flow value of CN¥9.16
Current Discount Checks
For Anxin Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Anxin Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Anxin Trust's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Anxin Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Anxin Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SHSE:600816 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CNY CN¥-0.40
SHSE:600816 Share Price ** SHSE (2020-03-23) in CNY CN¥2.5
China Capital Markets Industry PE Ratio Median Figure of 48 Publicly-Listed Capital Markets Companies 35.93x
China Market PE Ratio Median Figure of 3,204 Publicly-Listed Companies 33.67x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Anxin Trust.

SHSE:600816 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:600816 Share Price ÷ EPS (both in CNY)

= 2.5 ÷ -0.40

-6.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Anxin Trust is loss making, we can't compare its value to the CN Capital Markets industry average.
  • Anxin Trust is loss making, we can't compare the value of its earnings to the China market.
Price based on expected Growth
Does Anxin Trust's expected growth come at a high price?
Raw Data
SHSE:600816 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
China Capital Markets Industry PEG Ratio Median Figure of 19 Publicly-Listed Capital Markets Companies 1.82x
China Market PEG Ratio Median Figure of 1,266 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Anxin Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Anxin Trust's assets?
Raw Data
SHSE:600816 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CNY CN¥2.22
SHSE:600816 Share Price * SHSE (2020-03-23) in CNY CN¥2.5
China Capital Markets Industry PB Ratio Median Figure of 50 Publicly-Listed Capital Markets Companies 1.59x
China Market PB Ratio Median Figure of 3,693 Publicly-Listed Companies 2.35x
SHSE:600816 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:600816 Share Price ÷ Book Value per Share (both in CNY)

= 2.5 ÷ 2.22

1.12x

* Primary Listing of Anxin Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Anxin Trust is good value based on assets compared to the CN Capital Markets industry average.
X
Value checks
We assess Anxin Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Anxin Trust has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Anxin Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Anxin Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.3%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Anxin Trust expected to grow at an attractive rate?
  • Unable to compare Anxin Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Anxin Trust's earnings growth to the China market average as no estimate data is available.
  • Unable to compare Anxin Trust's revenue growth to the China market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SHSE:600816 Future Growth Rates Data Sources
Data Point Source Value (per year)
China Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 15.3%
China Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 9.9%
China Market Earnings Growth Rate Market Cap Weighted Average 20.7%
China Market Revenue Growth Rate Market Cap Weighted Average 15.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SHSE:600816 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SHSE:600816 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SHSE:600816 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-09-30 -2,298 -5,340 -2,202
2019-06-30 -1,987 -4,054 -2,900
2019-03-31 -1,188 -2,263 -2,577
2018-12-31 -118 -2,534 -1,833
2018-09-30 4,302 3,749 867
2018-06-30 5,816 1,838 3,135
2018-03-31 5,969 -404 3,704
2017-12-31 5,965 1,730 3,668
2017-09-30 5,604 1,638 3,549
2017-06-30 5,203 2,194 3,253
2017-03-31 5,473 3,865 3,446
2016-12-31 4,851 2,994 3,034

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Anxin Trust is high growth as no earnings estimate data is available.
  • Unable to determine if Anxin Trust is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SHSE:600816 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Anxin Trust Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SHSE:600816 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SHSE:600816 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-09-30 -0.40
2019-06-30 -0.53
2019-03-31 -0.47
2018-12-31 -0.34
2018-09-30 0.16
2018-06-30 0.57
2018-03-31 0.68
2017-12-31 0.67
2017-09-30 0.67
2017-06-30 0.64
2017-03-31 0.71
2016-12-31 0.65

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Anxin Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Anxin Trust is trading at Anxin Trust'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Anxin Trust's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Anxin Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the China market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the China market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Anxin Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Anxin Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Anxin Trust's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Anxin Trust does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Anxin Trust's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Anxin Trust's 1-year growth to the CN Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Anxin Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Anxin Trust Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SHSE:600816 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 -2,297.60 -2,202.20 905.72
2019-06-30 -1,987.43 -2,899.73 644.12
2019-03-31 -1,187.60 -2,576.66 627.72
2018-12-31 -117.57 -1,832.80 689.50
2018-09-30 4,302.03 867.01 570.69
2018-06-30 5,816.35 3,134.70 703.14
2018-03-31 5,968.70 3,704.05 741.39
2017-12-31 5,964.62 3,668.21 834.91
2017-09-30 5,603.73 3,548.55 1,293.96
2017-06-30 5,202.66 3,253.07 1,295.26
2017-03-31 5,473.31 3,445.90 1,247.26
2016-12-31 4,850.62 3,033.95 1,126.05
2016-09-30 4,373.59 2,819.27 676.44
2016-06-30 3,618.16 2,283.43 529.74
2016-03-31 3,201.91 2,124.48 493.37
2015-12-31 2,597.34 1,722.15 492.14
2015-09-30 2,329.60 1,416.19 432.44
2015-06-30 2,050.19 1,306.69 448.16
2015-03-31 1,839.20 978.66 398.34
2014-12-31 1,826.89 1,023.53 326.45
2014-09-30 1,919.21 958.21 484.11
2014-06-30 1,535.88 717.59 432.24
2014-03-31 1,221.05 477.76 418.02
2013-12-31 879.25 279.60 371.06
2013-09-30 477.98 120.42 286.58
2013-06-30 477.75 105.54 293.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Anxin Trust has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Anxin Trust has efficiently used its assets last year compared to the CN Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Anxin Trust improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Anxin Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Anxin Trust has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Anxin Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Anxin Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Anxin Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Anxin Trust has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Anxin Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 33.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Anxin Trust Company Filings, last reported 6 months ago.

SHSE:600816 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 12,858.81 406.94 7,757.30
2019-06-30 13,215.96 0.00 7,968.69
2019-03-31 13,521.80 2,660.00 7,626.86
2018-12-31 12,721.42 2,450.00 2,574.50
2018-09-30 13,867.60 3,000.00 2,428.13
2018-06-30 14,865.34 3,000.00 3,831.77
2018-03-31 14,893.00 1,300.00 5,350.88
2017-12-31 16,191.48 0.00 8,395.27
2017-09-30 15,336.28 300.00 8,151.38
2017-06-30 14,107.51 200.00 9,143.61
2017-03-31 13,509.06 0.00 9,238.42
2016-12-31 13,718.17 0.00 9,077.31
2016-09-30 8,004.28 0.00 6,668.90
2016-06-30 7,086.49 0.00 5,735.84
2016-03-31 6,297.64 0.00 5,417.53
2015-12-31 6,308.92 0.00 4,419.66
2015-09-30 5,839.87 0.00 2,983.69
2015-06-30 5,512.14 0.00 4,185.83
2015-03-31 2,010.49 0.00 294.38
2014-12-31 1,804.64 0.00 877.74
2014-09-30 1,594.84 0.00 355.03
2014-06-30 1,322.39 0.00 455.22
2014-03-31 1,115.48 0.00 250.83
2013-12-31 864.76 0.00 957.08
2013-09-30
2013-06-30 695.62 0.00 150.10
  • Anxin Trust's level of debt (3.2%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Anxin Trust's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Anxin Trust's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Anxin Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Anxin Trust has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Anxin Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Anxin Trust dividends.
If you bought CN¥2,000 of Anxin Trust shares you are expected to receive CN¥0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Anxin Trust's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Anxin Trust's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SHSE:600816 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
China Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 41 Stocks 1.4%
China Market Average Dividend Yield Market Cap Weighted Average of 2584 Stocks 1.9%
China Minimum Threshold Dividend Yield 10th Percentile 0.2%
China Bottom 25% Dividend Yield 25th Percentile 0.4%
China Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SHSE:600816 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
SHSE:600816 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-10-30 0.000 0.000
2019-08-30 0.000 0.000
2019-05-06 0.000 0.000
2018-04-24 0.417 6.979
2017-02-27 0.227 2.173
2016-04-06 0.133 1.776
2015-06-01 0.106 1.607
2014-07-14 0.030 0.768
2013-07-22 0.015 0.688
2013-04-26 0.015 0.741
2013-03-07 0.015 0.817

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Anxin Trust has not reported any payouts.
  • Unable to verify if Anxin Trust's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Anxin Trust's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Anxin Trust has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Anxin Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Anxin Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Anxin Trust has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Anxin Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mingan Shao
COMPENSATION CN¥520,000
AGE 58
TENURE AS CEO 1.5 years
CEO Bio

Mr. Mingan Shao has been as Director of Anxin Trust Co., Ltd since November 26, 2012. Mr. Shao serves as President of Anxin Trust Co., Ltd. since October 2018. Mr. Shao served as an Assistant Manager of Shanghai Guozhijie Investment Development Ltd. and the General Manager of Beijing Eastern Real Estate Development Co., Ltd. Mr. Shao served as the Deputy General Manager and President of Anxin Trust & Investment Co. Ltd. He served as Vice Chairman of Anxin Trust & Investment Co. Ltd.

CEO Compensation
  • Mingan's compensation has increased whilst company is loss making.
  • Mingan's remuneration is lower than average for companies of similar size in China.
Management Team

Mingan Shao

TITLE
President & Director
COMPENSATION
CN¥520K
AGE
58
TENURE
1.5 yrs

Haiyan Zhuang

TITLE
Head of Finance Operations & Executive Director
COMPENSATION
CN¥400K
AGE
45
TENURE
1.8 yrs

Baoying Zhao

TITLE
Chief Accountant
COMPENSATION
CN¥4M
AGE
50

Zhixin Feng

TITLE
Director of Wind Control & Supervisor
COMPENSATION
CN¥4M
AGE
42

Tao Yu

TITLE
Vice President
COMPENSATION
CN¥2M
AGE
44

Qin Hou

TITLE
Chief Operating Officer
AGE
61
Board of Directors Tenure

Average tenure and age of the Anxin Trust board of directors in years:

1.4
Average Tenure
50.5
Average Age
  • The average tenure for the Anxin Trust board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mingan Shao

TITLE
President & Director
COMPENSATION
CN¥520K
AGE
58
TENURE
7.4 yrs

Haiyan Zhuang

TITLE
Head of Finance Operations & Executive Director
COMPENSATION
CN¥400K
AGE
45
TENURE
0.9 yrs

Zhixin Feng

TITLE
Director of Wind Control & Supervisor
COMPENSATION
CN¥4M
AGE
42
TENURE
0.9 yrs

Kaiguo Wang

TITLE
Independent Director
COMPENSATION
CN¥25K
AGE
61
TENURE
1.4 yrs

June Zhang

TITLE
Independent Director
COMPENSATION
CN¥25K
AGE
56
TENURE
1.4 yrs

Shimin Chen

TITLE
Independent Director
COMPENSATION
CN¥25K
AGE
61
TENURE
1.4 yrs

Xiaomin Huang

TITLE
Supervisor
AGE
37
TENURE
6.9 yrs

Bing Chen

TITLE
Staff Supervisor
AGE
45
TENURE
10.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CN¥) Value (CN¥)
X
Management checks
We assess Anxin Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Anxin Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Anxin Trust Co., Ltd operates as a trust company in China. It offers trust service for clients in agriculture, biomedicine, city renovation, Internet infrastructure, pension, logistics, and new energy industry fields. The company was formerly known as Anxin Trust & Investment Co., Ltd. and changed its name to Anxin Trust Co., Ltd in April 2014. Anxin Trust Co., Ltd was founded in 1987 and is based in Shanghai, China.

Details
Name: Anxin Trust Co., Ltd
600816
Exchange: SHSE
Founded: 1987
CN¥13,672,844,797
5,469,137,919
Website: http://www.anxintrust.com
Address: Anxin Trust Co., Ltd
Haitong Securities Building,
2nd Floor, 29th Floor,
Shanghai,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 600816 Domestic Shares Shanghai Stock Exchange CN CNY 06. Feb 1995
XSSC 600816 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 06. Feb 1995
Number of employees
Current staff
Staff numbers
0
Anxin Trust employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 15:04
End of day share price update: 2020/03/23 00:00
Last estimates confirmation: 2018/02/08
Last earnings filing: 2019/10/30
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.